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OCEAN BEACH ADDN NO 3
DESCRIÇÃO
829 4th street is a rare opportunity to own a cps-2 – general mixed use commercial zoning property, located in the highly sought-after south of fifth (sofi) neighborhood in miami beach. The property is sitting on a 5,000 square foot lot, non-historic designation, with the capability of renovating the existing building size up to 5 times greater than it stands today. Zoned will allow a new construction of up to 10,000 square feet, 7,500 of living area and four stories high. The maximum flood area ratio (far) is: 2. 0. Currently the property is being operated as a 4-plex short-term rental product @ fully stabilized the anticipated annual net rental income “noi” of $185,161. 43, with a overall capitalization rate (oar) of 6. 37%.
Data is provided by Miami Board of Realtors.
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Listed on August 24, 2019 by Karla Kuncz from Stellar International Realty, this apartment is for sale. apartment for sale in South Beach listed at $4,600,000, Reference A10729167
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